MINA, ARB, SHDW, SNX and SYN updates

MINA update

• Mina has broken beneath it's uptrend line and lost the key horizontal level of $1.28.
• Price has now nicely filled the yellow box and moved higher from there.
• The crucial support to hold is the horizontal level of $0.93.
• If price can reclaim $1.28, then this would open the door for a more extended move to $1.73.

Cryptonary's take

If you're a long-term fan of MINA, the Yellow box, and down to $0.93 would be the ranged area to continue to DCA and to add to your bags

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ARB update

• Finally, this has got going and is now undergoing a healthy pullback.
• What's pivotal for price will be to maintain the uptrend line and then attempt to break out from the local downtrend line.
• The Yellow box is beneath the uptrend line, and therefore, this would likely be a good zone to fill Long/Buy orders, but you'd likely have to be quick and then hope that price can quickly reclaim the uptrend line.
• The 3D and Weekly RSI is overbought here, so that is one thing to be wary of.

Cryptonary's take

It's possible that ARB breaks out of its downtrend line and at least forms a double top, if not slightly higher, before making a more meaningful decline.

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SHDW update

• A coin we personally like that we think can be a monster for the next bull run.
• So far, price has respected the main uptrend line and the major horizontal support of $1.05. This is SHDW's main buying level in the short term.
• Currently, the horizontal resistance of $1.70 is the level to break above if SHDW wants to see more meaningful upside.

Cryptonary's take

Likely to be a big winner in the next bull run, anything sub $1.05 would be a great long-term entry for SHDW.

This is a play we may be buying up with size over the coming few months.

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SNX Update

• SNX has broken beneath its main uptrend line and the horizontal line of $3.67, which is a key level of convergence.
• So far, the Yellow box has provided a key area of support. Ideally, we need to see price bounce from this level.
• The horizontal resistance of $3.67 will be the first target if price can bounce from the Yellow box.
• If price can bounce and then climb above $3.67, this may open the door for a move to $4.15.

Cryptonary's take

Once a coin is out of its main uptrend, it is no longer traded by the bots and, therefore, it usually just shows general weakness. However, if there is a positive ETF decision for BTC tomorrow, we expect the market to rally, and this could give SNX the fuel to bounce from the Yellow box, where the target would be $3.67.

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SYN update

• Initially bounced from the Yellow box, and now slightly in free fall mode.
• A big support range between $0.33 and $0.36 would be the zone you could add to your bags.
• The RSI is clean and not overbought on any major timeframes.

Cryptonary's take

If we were  big fans of SYN and had a big bag, we would likely not add to the bag.

However, if you are happy to add size to your SYN bag, we'd consider adding between $0.33 and $0.36 as a buying zone/range.